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Credit Card Surcharges OK’ed In New York

PYMNTS

In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. New York has banned the ban. What’s in a name, then?

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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How Online Platforms Are ‘Gamifing’ Mobile Bill Payments

PYMNTS

Against that backdrop, Florida-based startup Adfone , which has developed a carrier loyalty and monetization platform, said last month that it had closed on a $7.5 The carriers preload the Adfone platform onto devices or SIM cards. “We’re million seed funding round. Adfone white labels its platform under carriers’ brands.

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Gulf Winds’ Data Driven Approach To Member Retention

PYMNTS

billion in credit card debt and $382.9 Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. billion in car loans, a 6.9 percent and 4.1

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Slow EMV Conversion Invites Fraudsters to Self-Serve at Gas Stations

FICO

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. Nevada, Florida and Michigan have the highest unattended gas fraud rates, while the lowest are in New Hampshire, Alaska and Maine. .

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How To Buy The $4M Aston Martin Submarine

PYMNTS

It ended up partnering with Florida-based Triton Submarines, which has been making luxury submersibles for a little more than a decade. The fact that there has been a luxury submarine company in Florida since 2007 is actually the least surprising part of this story. Have a Centurion Card? A cashier’s check? Wire transfer?

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